INDIAN OIL - SHORT TERM: WEAK, LONG TERM: WEAK, PREVAILING BIAS: NONE
Indian Oil is not a day trade and it remains weak for the short and long term inspite of its 10% rise today. The rise was due to a single big trade. Otherwise, for a short term uptrend, the stock must cross 400 and go above 450 to establish a long term uptrend. On the downside, if it drops below 350, its headed to 300
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